At www.ValuEngine.com we show that the Computer & Technology sector is 6.4 overvalued, with the Electrical Products Misc industry 13.0% undervalued. All eight of the stocks in today’s table have complete ValuEngine data and have enough price data to have most value levels, risky levels and pivots.
Acorn Energy, Inc. (ACFN) – has only been below $10 since September 25, 2012.
Cobra Electronics Corp. (COBR) – has been below $10 since the week of July 13, 2007.
Daktronics Inc. (DAKT) – the current trip below $10 occurred this week. This stock has been trading back and forth around $10 November 2008.
GrafTech International Ltd. (GTI) – has only been below $10 since November 13, 2012.
Jinpan International Limited (JST) – has been below $10 since the week of August 26, 2011.
Kopin Corp. (KOPN) – has been below $5.25 for at least five years.
Research Frontiers Inc. (REFR) – poked its nose above $10 briefly in February 2011.
Sypris Solutions Inc. (SYPR) – has been below $10 for at least five years.
Reading the Table
OV / UN Valued – The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine. The most undervalued stock in today’s table is GTI by 35.5%. The most overvalued stock is ACFN by 14.0%.
VE Rating – A “1-Engine” rating is a Strong Sell, a “2-Engine” rating is a Sell, a “3-Engine” rating is a Hold, a “4-Engine” rating is a Buy and a “5-Engine” rating is a Strong Buy. We have one Buy rated stock, and seven Hold rated stocks.
Last 12-Month Return (%) – Stocks with a Red number declined by that percentage over the last twelve months. Stocks with a Black number increased by that percentage over the past twelve months! The biggest gainer over the past twelve months is ACFN higher by 42.0%. The biggest loser is GTI with a loss of 37.7%.
Forecast 1-Year Return – Stocks with a Red number are projected to decline by that percentage over the next twelve months. Stocks with a Black number in the Table are projected to move higher by that percentage over the next twelve months. The best performer is expected to be GTI but only with a gain of 5.1%. The biggest loser is projected to be ACFN with a loss of just 2.8%.
P/E Ratios – Three stocks have single-digit twelve month trailing single-digit P/E ratios. GTI has a reasonable P/E. DAKT has an elevated P/E ratio.
Value Level: is the price at which to enter a GTC Limit Order to buy on weakness. The letters mean; W-Weekly, M-Monthly, Q-Quarterly, S-Semiannual and A- Annual.
Pivot: A level between a value level and risky level that acts as a magnet during the time frame noted.
Risky Level: is the price at which to enter a GTC Limit Order to sell on strength.
Where to Buy and Where to Sell
A “Value Level” is a price at which buyers should add to positions on market price weakness. A “Risky Level” is a price at which sellers should reduce holdings on market price gains. A “Pivot” is a support or resistance (Value Level or Risky Level) that was violated in its time horizon, acting as a magnet during the remainder of that time horizon. These levels are calculated in weekly (W), monthly (M), quarterly (Q), semiannual (S) and annual (A) time horizons, based on the past nine closes in each time horizon. My theory is that the closes over a nine-year period are the summation of all bullish and bearish events for that market or specific stock. These levels are the most important element of my Buy and Trade Strategy.
Buy and Trade Guidelines
Investors should consider entering good until cancelled (GTC) orders to buy weakness to a value level, or to sell strength to a risky level.
Read Next
